Young people, and especially college
students hold an infamous reputation for being under-financed.
Emotions play an important role in
shopping. They can affect your shopping behaviour. You must eliminate the urge
to be an impulsive and spontaneous shopper. Young people should realise that
instant gratification is the demon that kills their wealth.
often, they forget that you want does not necessarily have to be what you want.
We are going to show you how you can learn how
to budget, save money and still have a fabulous life, in three very easy step!
Use cash, not card:
When you are shopping, and you see
something really attractive and equally expensive, it becomes very easy to
swipe your card, push four little buttons and own the product – but if you want
to be money savvy, this should be one of the first products that you kick out.
Think and Plan:
You need not do a detailed analysis or a
four page report for every purchase that you make – but it is advised by
financial experts that you can make sure you plan your shopping expenses. Never, and we mean N-E-V-E-R rush into the
counter with an item that you first saw as you entered the store. Read the
terms carefully, keep your receipts and examine the warranty policies.
doesn’t matter if you’re just shopping for your daily groceries or if it’s a
big fat Diwali purchase – you need to make sure that you have a budget.
Budgeting also doesn’t mean you buy the cheapest thing that you see on the
store. In fact, it is the exact opposite. Instead of buying the cheapest
products, invest in quality. This is smart shopping – because you are paying
the price for value and higher quality products would last longer.